Syndicated

Former Secretary of State John Kerry lauded credit unions’ legacy of providing fair access to the financial system during his keynote address Monday at the 2019 CUNA Governmental Affairs Conference.…

San Francisco-based Javelin Strategy & Research’s 2019 Identity Fraud Study revealed 14.4 million scam victims in 2018; and complex and sophisticated fraud types at elevated levels, despite extensive anti-fraud measures…

Here we go again. Few issues have twitter-pated the credit union industry in recent years as much as the Obama Administration’s proposal to raise the salary threshold required to classify…

It is becoming increasingly clear that in order to be better positioned for the future of banking, new skills and capabilities will be required. Organizations will definitely need to invest…

We are getting to the final weeks before the CFPB’s prepaid account rule goes into effect. To help credit unions navigate the complexities of this rule, this month’s NAFCU Compliance…

Many financial institutions spend too much time and money juggling numerous vendors to keep their equipment, including ATMs, up and running. (Just ask Bank of America, which pays $1 billion…

Financial institution employees and accountholders should be extra cautious of the increase in transaction risk especially when someone signs into online banking and creates a P2P bill pay type of…

With more than 5,000 credit union leaders in Washington, D.C. for CUNA’s Governmental Affairs Conference this week, CUNA will remain fully engaged with hearings in both chambers of Congress this…

House Financial Services Committee members Lee Zeldin, R-N.Y., and Vicente Gonzalez, D-Texas, today introduced NAFCU-sought legislation that would give the NCUA greater flexibility in setting loan maturity limits under the…

With a strong economy and an increase in jobs and wages, consumers are more confident when it comes to their spending habits. These spending habits have impacted the number of…

Credit Union Magazine’s 2019 Credit Union Heroes include a former teacher who’s still displaying class as a financial educator, an ex-banker who’s now preaching the credit union gospel, a financial…

A bipartisan group on House members on Thursday introduced legislation that would provide credit unions and other financial institutions with a safe harbor from sanctions for doing business with marijuana-related…

Members willingly give away their personal and financial information and then get tricked into authorizing wires, ACH, plastic card and other types of monetary transactions. Protecting members from themselves is…

When you're in the business of auto lending, collateral recovery can be an expensive and risky endeavor. While no lender wants to repossess their borrowers' vehicles, sometimes it's necessary in…

Not every problem in an organization makes it all the way to the CEO's ears. That's why it is important as a leader to set the expectation that all employees…

Washington DC is the adult version of Disney Land. There are those of us who love the place and return year after year; there are those of you who visit…

The NCUA board Thursday approved a $160.1 million equity distribution from the National Credit Union Share Insurance Fund that will be paid to eligible credit unions in the second quarter…

Membership at federally insured credit unions surpassed 116 million in the fourth quarter of 2018, adding 4.9 million members over the year. In addition, total assets grew 5.4 percent, year…

If your credit union isn’t already thinking about how to engage with the new generation of consumers, Generation Z, it should be. According to research from Bloomberg, Gen Z is…

More than five years after the financial collapse of a Minnesota credit union, its former president/CEO will appear in federal court to face allegations that she stole at least $2.5…

In this age of digital disruption, when Software as a Service (SaaS) is nearly a household term, the global fintech community in particular has seen a staggering proliferation of solutions…

As we enter into the final month of the quarter, some people continue to work towards their New Year's resolutions and try to commit to a change in lifestyle—eat healthier,…

In 2016, BECU ($19.6B, Tukwila, WA) changed the format of its traditional annual meeting and launched its first-ever Member Summit. Beyond simply reporting on the business of the credit union,…

The cornerstone of any new data privacy requirements should be robust data security requirements for entities that collect consumers’ personal information, CUNA wrote to the House Homeland Security subcommittee on…